Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Seedco under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of Seedco, it is not intended toand does not present the financial deficit, changes in net deficit, or cash flows of Seedco.
Expenditures of federal awards are reported on the statement of activities and changes in net deficit as programservices. In certain programs, the expenditures reported in the basic consolidated financial statements may differfrom the expenditures reported on the schedule of expenditures of federal awards due to program expendituresexceeding grant or contract budget limitations, matching or in-kind contributions or capitalization policies requiredunder accounting principles generally accepted in the United States of America.